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20131202
20131210
Search Results 0 to 2 of about 3 (some duplicates have been removed)
, money and boots on the ground to get politicians elected and they kept lavishing these amazing promises and it kept going on and on. >> all of a sudden you'll have a lot of commune nis palts say don't negotiate. just declare bankruptcy. >> detroit is going to be barred from the markets for a long time. i wouldn't extrapolate too much from this. the unions control new york city hall. bill de blasio, all his aides are close to this. new york city is going to head in that direction. >> do you agree with that? >> i don't. this is good news for the bond market and for cities that are struggling because it gives them negotiating leverage. >> put the fear of god in them. >> right. so they won't have to -- >> julie, do you agree? >> i do, actually. both parties gave away the unions in the 90s like drunken sailers in their right to get political support. it went too far. they have a commitment that's a legal contract. even in bankruptcy the unions may get screwed on this. >> didn't the judge take that into -- >> we'll see. charlie is right that this is not a good precedent to set. >> the bond ho
Search Results 0 to 2 of about 3 (some duplicates have been removed)